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609

Tiande Chemical HoldingsSEHK:609 Stock Report

Market Cap

HK$877.5m

7D

-1.9%

1Y

71.7%

Updated

26 Oct, 2021

Data

Company Financials
609 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

609 Overview

Tiande Chemical Holdings Limited, an investment holding company, engages in the research, development, manufacture, sale, and distribution of fine chemical products in the People’s Republic of China, India, the United States, Spain, Taiwan, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Tiande Chemical Holdings
Historical stock prices
Current Share PriceHK$1.03
52 Week HighHK$0.60
52 Week LowHK$1.33
Beta0.77
1 Month Change-1.91%
3 Month Change14.44%
1 Year Change71.67%
3 Year Change87.27%
5 Year Change-46.35%
Change since IPO53.73%

Recent News & Updates

Sep 13
These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Reasonably Well

These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Aug 03
Tiande Chemical Holdings (HKG:609) Could Be At Risk Of Shrinking As A Company

Tiande Chemical Holdings (HKG:609) Could Be At Risk Of Shrinking As A Company

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Shareholder Returns

609HK ChemicalsHK Market
7D-1.9%-0.09%0.4%
1Y71.7%98.2%6.7%

Return vs Industry: 609 underperformed the Hong Kong Chemicals industry which returned 98.2% over the past year.

Return vs Market: 609 exceeded the Hong Kong Market which returned 6.7% over the past year.

Price Volatility

Is 609's price volatile compared to industry and market?
609 volatility
609 Beta0.77
Industry Beta1.05
Market Beta1

Stable Share Price: 609 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 609's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19971,372Xiaohua Chenhttps://www.tdchem.com

Tiande Chemical Holdings Limited, an investment holding company, engages in the research, development, manufacture, sale, and distribution of fine chemical products in the People’s Republic of China, India, the United States, Spain, Taiwan, and internationally. Its principal products include sodium cyanide, cyanoacetic acid and cyanoacetates, malonates, diethyl ethoxymethylenemalonate, EDTA acids and salts, mono chloroacetic acid and derivatives, ethanol, tert-butanol, cyanoacrylate monomers, and related by-products. The company also engages in the research and development, manufacture, and sale of medical instrument products; and manufacture and sale of adhesive products.

Tiande Chemical Holdings Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
609 income statement (TTM)
RevenueCN¥1.72b
Cost of RevenueCN¥1.43b
Gross ProfitCN¥289.17m
ExpensesCN¥140.44m
EarningsCN¥148.73m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin16.80%
Net Profit Margin8.64%
Debt/Equity Ratio5.2%

How did 609 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is Tiande Chemical Holdings undervalued compared to its fair value and its price relative to the market?

4.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 609 (HK$1.03) is trading above our estimate of fair value (HK$0.51)

Significantly Below Fair Value: 609 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 609 is good value based on its PE Ratio (4.8x) compared to the Hong Kong Chemicals industry average (7.6x).

PE vs Market: 609 is good value based on its PE Ratio (4.8x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 609's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 609 is good value based on its PB Ratio (0.5x) compared to the HK Chemicals industry average (0.8x).


Future Growth

How is Tiande Chemical Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tiande Chemical Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Tiande Chemical Holdings performed over the past 5 years?

-24.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 609 has a large one-off gain of CN¥74.6M impacting its June 30 2021 financial results.

Growing Profit Margin: 609's current net profit margins (8.6%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: 609's earnings have declined by 24% per year over the past 5 years.

Accelerating Growth: 609's earnings growth over the past year (83.4%) exceeds its 5-year average (-24% per year).

Earnings vs Industry: 609 earnings growth over the past year (83.4%) exceeded the Chemicals industry 60.9%.


Return on Equity

High ROE: 609's Return on Equity (8.9%) is considered low.


Financial Health

How is Tiande Chemical Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 609's short term assets (CN¥739.7M) exceed its short term liabilities (CN¥486.7M).

Long Term Liabilities: 609's short term assets (CN¥739.7M) exceed its long term liabilities (CN¥19.5M).


Debt to Equity History and Analysis

Debt Level: 609's debt to equity ratio (5.2%) is considered satisfactory.

Reducing Debt: 609's debt to equity ratio has reduced from 5.8% to 5.2% over the past 5 years.

Debt Coverage: 609's debt is well covered by operating cash flow (337.5%).

Interest Coverage: 609's interest payments on its debt are well covered by EBIT (13.1x coverage).


Balance Sheet


Dividend

What is Tiande Chemical Holdings's current dividend yield, its reliability and sustainability?

2.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 609's dividend (2.91%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 609's dividend (2.91%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).


Stability and Growth of Payments

Stable Dividend: 609's dividend payments have been volatile in the past 10 years.

Growing Dividend: 609's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.5%), 609's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.6yrs

Average board tenure


CEO

Xiaohua Chen (43 yo)

3.17yrs

Tenure

Mr. Xiaohua Chen has been General Manager of Tiande Chemical Holdings Limited since August 1, 2018 and has been its Executive Director since January 1, 2021. Mr. Chen was Deputy General Manager of Tiande C...


Board Members

Experienced Board: 609's board of directors are seasoned and experienced ( 14.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tiande Chemical Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tiande Chemical Holdings Limited
  • Ticker: 609
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: HK$877.513m
  • Shares outstanding: 851.95m
  • Website: https://www.tdchem.com

Number of Employees


Location

  • Tiande Chemical Holdings Limited
  • High-Tech Development Zone
  • 3877 Wolong East Street
  • Weifang
  • Shandong Province
  • 261061
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:22
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.